Market Overview:
The global friction modifier additives market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for automotive lubricants, industrial lubricants, aviation lubricants, rail lubricants and power generation lubricants across the globe. In addition, growing awareness about the benefits of using friction modifier additives is also expected to boost the market growth over the forecast period. On basis of type, organic friction modifier additives are estimated to account for a major share in terms of value in 2018 and are projected to register highest CAGR during forecast period. This can be attributed owing high performance properties offered by organic modifiers as compared with their counterparts such as inorganic modifiers or graphite modifiers. On basis of application, automotive sector dominated global market for friction modifier additives in 2017 and is anticipated witness highest CAGR over next 10 years owing stringent emission norms being implemented globally coupled with rising demand for fuel-efficient vehicles across regions including Asia Pacific & MEA region .
Product Definition:
Friction modifier additives are compounds that are added to lubricants in order to change the way that they interact with surfaces. This can improve the lubricant's ability to reduce friction and wear, which can lead to increased efficiency and longer component life.
Organic:
Organic friction modifiers are additives that enhance the performance of lubricants by reducing wear and tear. Organic friction modifiers are used in various applications including automotive, industrial, construction and mining equipment. The global organic friction modifier additives market is expected to witness significant growth over the forecast period owing to its increasing demand from these end-use industries.
Inorganic:
Inorganic is a group of compounds which contains carbon and hydrogen. In general, inorganic compounds are colorless, tasteless, odorless and they do not give off any toxic fumes when heated. The most common types of inorganic compound include silica (quartz), sulfuric acid, nitric acid and lead oxide among others. Silica or quartz is the most abundant mineral on earth; it makes up about 2% of the total weight of minerals present on earth.
Application Insights:
Automotive lubricants emerged as the largest application segment and accounted for over 35% of the total market volume in 2017. The segment is projected to witness significant growth on account of rising demand for friction modifier additives from various automotive applications including transmission, engine, brake system, and others.
The industrial lubricants application segment was valued over USD 1 billion in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing demand for friction modifier additives from various industries such as oil & gas, metal & mining, construction equipment manufacturing etc. Friction modifiers are also used extensively in industrial oils where they act as anti-friction agents that enhance the performance of other components such as bearings and seals thereby improving overall efficiency leading to an increase in product consumption which will drive growth further.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major automobile manufacturers such as Ford and General Motors. The region is expected to witness moderate growth over the forecast period, with U.S. being a key revenue contributor due to high product demand from industrial, automotive, and aerospace applications.
The Asia Pacific regional market is anticipated to grow at a lucrative rate over the forecast period owing to rapid industrialization coupled with increasing investments in infrastructure development initiatives undertaken by various governments across countries such as China.
Growth Factors:
- Increasing demand for friction modifier additives from the automotive industry as a result of stringent emission norms and fuel efficiency requirements.
- Rising demand for friction modifier additives in the construction and mining industries due to increasing infrastructure development activities and growing need for energy-efficient equipment.
- Growing use of friction modifier additives in metalworking fluids to reduce wear and tear on machine parts during machining operations.
- Increasing application of friction modifier additives in food processing industry to improve product quality and shelf life.
Scope Of The Report
Report Attributes
Report Details
Report Title
Friction Modifier Additives Market Research Report
By Type
Organic, Inorganic, Graphite
By Application
Automotive Lubricants, Industrial Lubricants, Aviation Lubricants, Rail Lubricants, Power Generation Lubricants
By Companies
BASF, King, BRB, Croda, Afton, Lubrizol, CSW, Lanxess, ABITEC, DOG, BASF, Wynn's, Chevron, Adeka
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Friction Modifier Additives Market Report Segments:
The global Friction Modifier Additives market is segmented on the basis of:
Types
Organic, Inorganic, Graphite
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Lubricants, Industrial Lubricants, Aviation Lubricants, Rail Lubricants, Power Generation Lubricants
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- King
- BRB
- Croda
- Afton
- Lubrizol
- CSW
- Lanxess
- ABITEC
- DOG
- BASF
- Wynn's
- Chevron
- Adeka
Highlights of The Friction Modifier Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic
- Inorganic
- Graphite
- By Application:
- Automotive Lubricants
- Industrial Lubricants
- Aviation Lubricants
- Rail Lubricants
- Power Generation Lubricants
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Friction Modifier Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Friction modifier additives are chemicals that help reduce friction between moving parts in a machine. This can improve the efficiency of the machine and make it run more smoothly.
Some of the major players in the friction modifier additives market are BASF, King, BRB, Croda, Afton, Lubrizol, CSW, Lanxess, ABITEC, DOG, BASF, Wynn's, Chevron, Adeka.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Friction Modifier Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Friction Modifier Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Friction Modifier Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Friction Modifier Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Friction Modifier Additives Market Size & Forecast, 2020-2028
4.5.1 Friction Modifier Additives Market Size and Y-o-Y Growth
4.5.2 Friction Modifier Additives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Organic
5.2.2 Inorganic
5.2.3 Graphite
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive Lubricants
6.2.2 Industrial Lubricants
6.2.3 Aviation Lubricants
6.2.4 Rail Lubricants
6.2.5 Power Generation Lubricants
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Friction Modifier Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Friction Modifier Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Organic
9.6.2 Inorganic
9.6.3 Graphite
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive Lubricants
9.10.2 Industrial Lubricants
9.10.3 Aviation Lubricants
9.10.4 Rail Lubricants
9.10.5 Power Generation Lubricants
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Organic
10.6.2 Inorganic
10.6.3 Graphite
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive Lubricants
10.10.2 Industrial Lubricants
10.10.3 Aviation Lubricants
10.10.4 Rail Lubricants
10.10.5 Power Generation Lubricants
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Organic
11.6.2 Inorganic
11.6.3 Graphite
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive Lubricants
11.10.2 Industrial Lubricants
11.10.3 Aviation Lubricants
11.10.4 Rail Lubricants
11.10.5 Power Generation Lubricants
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Organic
12.6.2 Inorganic
12.6.3 Graphite
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive Lubricants
12.10.2 Industrial Lubricants
12.10.3 Aviation Lubricants
12.10.4 Rail Lubricants
12.10.5 Power Generation Lubricants
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Organic
13.6.2 Inorganic
13.6.3 Graphite
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive Lubricants
13.10.2 Industrial Lubricants
13.10.3 Aviation Lubricants
13.10.4 Rail Lubricants
13.10.5 Power Generation Lubricants
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Friction Modifier Additives Market: Competitive Dashboard
14.2 Global Friction Modifier Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 King
14.3.3 BRB
14.3.4 Croda
14.3.5 Afton
14.3.6 Lubrizol
14.3.7 CSW
14.3.8 Lanxess
14.3.9 ABITEC
14.3.10 DOG
14.3.11 BASF
14.3.12 Wynn's
14.3.13 Chevron
14.3.14 Adeka
